Restructuring Actions Restructuring Actions (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs

The following table provides restructuring costs by component and by segment.

For the Year Ended December 31	2021		2020		2019
By component:
Severance and other employee-related costs	$	8.0	$	41.5	$	12.4
Asset write-offs	0.6		—		—
Other	1.0		1.5		0.4
Total restructuring costs	$	9.6	$	43.0	$	12.8
By segment:
Motion Technologies	$	3.9	$	12.7	$	4.9
Industrial Process	3.1		19.5		5.7
Connect & Control Technologies	2.4		8.5		2.0
Corporate and Other	0.2		2.3		0.2

Schedule of Restructuring Accruals

The following table displays a rollforward of our total restructuring liability, presented on our Consolidated Balance Sheet within accrued liabilities.

	2021		2020
Restructuring liability - January 1	$	19.1	$	7.5
Restructuring costs	11.7		44.1
Reversal of prior accruals	(2.1)		(1.1)
Cash payments	(16.5)		(33.0)
Asset write-offs	(0.6)		—
Foreign exchange translation and other	(0.6)		1.6
Restructuring liability - December 31	$	11.0	$	19.1
By accrual type:
Severance and other employee-related	$	10.9	$	18.6
Other	0.1		0.5

Expected Restructuring Costs by Segment Global Restructuring Plan

The following table summarizes the restructuring costs incurred during 2021 and the cumulative costs incurred through December 31, 2021 by segment related to the 2020 Global Restructuring Plan.

	Incurred in 2021		Incurred to Date
Motion Technologies	$	—	$	12.7
Industrial Process	2.5		22.5
Connect & Control Technologies	—		8.8
Corporate and Other	—		2.6
Total	$	2.5	$	46.6

Restructuring Rollforward Global Restructuring Plan

The following table displays a rollforward of the restructuring liability related to the 2020 Global Restructuring Plan, which we expect to be substantially paid during 2022.

	2021		2020
Beginning balance - January 1	$	17.1	$	—
Restructuring costs	2.5		43.8
Cash payments	(13.6)		(27.9)
Asset write-offs	(0.6)		—
Foreign exchange translation and other	(0.6)		1.2
Ending balance - December 31	$	4.8	$	17.1